On the heels of extending Matt Cain at the beginning of the month, the San Francisco Giants have given another one of their pitchers a contract extension…not Tim Lincecum, but Madison Bumgarner. The deal is for five years, and has two option years covering the 2018 and 2019 seasons. The contract will buy out all three of Bumgarner’s arbitration years, as well as his first year of free agency. The two option years cover his second and third years of free agency, and can keep Bumgarner as a Giant until he’s 30 years-old.
Bumgarner broke out in a big way last season, his first full season in the majors after splitting 2010 between AAA and the majors. He had a 3.21 ERA, struck out 191, and walked 46 in 204 2/3 innings, accruing 5.5 fWAR in the process at just age 21. The money on the contract isn’t known yet, but it definitely won’t be in the neighborhood of the Cain deal given Bumgarner’s age and relative inexperience. The contract will be worth more than Matt Moore’s five year extension with the Rays, due Moore getting an extra two years of pre-arb bought out by the Rays.
With their innings eater locked up, and now their young ace, all that remains for the Giants is Lincecum, the prize of their rotation. However, with his velocity dip this season, I’m sure the Giants would like to make sure he’s healthy before commiting money to him past the 2013 season.
UPDATE: SFX Baseball (Bumgarner’s agents) is reporting that the deal guarantees Bumgarner $35 million. If he’s a Super Two after this season, his guaranteed money will rise to $40 million.